Caution on Bharat Wire Ropes: Bharat Wire has been seeing unusual activity in the stock market, with SMSes being sent to retail investors and traders encouraging them to buy the stock.
Large shareholders such as Next Orbit Ventures had offloaded some of the company stock in mid-December. The company hit a new high of Rs. 81.5 on 2nd Jan at market close, followed by a sharp fall after opening bell on Jan 3. The stock may be being pumped and dumped. BSE is set to shift this stock to the restricted category starting tomorrow.